Illustrative example · Construction / Real Estate
How Metro Buildcon Achieved Zero TDS Penalties for 4 Quarters
Metro Buildcon had 500+ TDS deductees with quarterly return delays and mounting penalties. We automated reconciliation, filed all 24Q returns on time, and eliminated penalties completely.
Names and figures are illustrative, not a real client.
Key metrics at a glance
- TDS Deductees
- 500+
- Managed systematically
- On-Time Filings
- 4/4 Quarters
- Zero delays
- Penalties
- ₹0
- Zero penalties
The challenge
Metro Buildcon Pvt Ltd, a large construction company with over 500 employees and 200+ contractors, was struggling with TDS compliance. Their accounts team was manually calculating TDS on salary, contractor payments, and professional fees, leading to frequent errors in quarterly Form 24Q filings. They had already incurred penalties for delayed filings in two quarters. With over 500 deductees, the reconciliation between TDS deducted and deposited was a nightmare, and mismatches with the TRACES portal were causing constant issues. The finance director needed a systematic solution that could handle the volume without errors.
Our approach
We implemented a comprehensive TDS automation system tailored to Metro Buildcon's scale and requirements:
System Audit: Reviewed their existing payroll and accounting systems to understand the data flow and identify gaps causing mismatches.
Automated Reconciliation: Set up automated monthly reconciliation between Form 26AS, AIS, and the company's TDS ledger to catch discrepancies early.
Quarterly 24Q Filing: Established a fixed timeline for quarterly Form 24Q filing with pre-checked challans, deductee-wise breakup, and verified PAN details for all 500+ deductees.
TDS Certificate Generation: Automated the generation and distribution of Form 16 (for employees) and Form 16A (for contractors/vendors) within the statutory deadline.
Compliance Calendar: Set up alerts for all TDS-related deadlines (quarterly returns, annual returns, TDS certificates, and challan payments) to ensure nothing is missed.
Key results
- Zero TDS penalties for 4 consecutive quarters after implementing our system
- 100% TDS compliance achieved with zero TRACES mismatches
- Reconciliation time reduced from 10 days to 2 days per quarter
- All 500+ deductee records verified and rectified for PAN accuracy
- TDS certificates (Form 16/16A) generated and distributed on time every quarter
What the client says
"Managing TDS for 500+ people was a constant source of stress and penalties. Bizeneed automated our entire TDS workflow. It has been a year of zero penalties, zero mismatches, and zero stress. Our finance team can finally focus on strategic work."
Illustrative quote, not from a real client.
Next step
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